Xiphera and Austin Electric Partner to Strengthen Hardware-Based Security in South Korea

June 25, 2025 -- Xiphera, a Finnish deep-tech company specialising in hardware-based security, has entered into a strategic partnership with South Korea–based Austin Electric Co., Ltd. This collaboration will extend Xiphera’s advanced cryptographic IP core solutions to a broader customer base in South Korea, especially in the aerospace, industrial automation, critical infrastructure, IoT, and automotive sectors.

Xiphera designs and develops all its cryptographic solutions entirely in-house. Its mission is to help customers secure their systems against the growing spectrum of cybersecurity threats, including those emerging from the era of quantum computing.

“At Xiphera, we focus on building highly secure and optimised cryptographic IP cores for ASICs and FPGAs,” said Tommi Lampila, Chief Revenue Officer at Xiphera. “Our hardware-based security solutions are engineered to protect critical systems from data breaches, unauthorized access, and the evolving threat landscape. Through our partnership with Austin Electric, we can now serve the South Korean market more effectively with trusted, high-performance security technology.”

Driving Secure Semiconductor Innovation in South Korea

South Korea’s semiconductor industry—valued at USD 115.7 billion in 2024—is one of the most advanced in the world and is expected to more than double by 2034. As a key player in chip manufacturing, South Korea plays a pivotal role in driving secure digital infrastructure. Xiphera contributes to this ecosystem by offering cryptographic IP cores that embed security directly into silicon, ensuring that protection is foundational, not an add-on.

Austin Electric, a well-established electronics company based in South Korea, will represent Xiphera locally and support the integration of its cryptographic IP solutions across Korean industry verticals.

“Korea is a technology leader in IT, automotive, and semiconductor industries, and recently entered the Industrial 4.0 revolution, so we believe that Xiphera’s semiconductor (hardware) based encryption and cyber security IP solutions will play a great role across AI, military defense, IoT, smart home appliances, and smart factory industries, and we are confident that the Korean market will be a stepstone for us to expand globally,” said Kenny Yoon, CMO of Austin Electric.

This partnership marks an important milestone in Xiphera’s international growth and reinforces the company’s commitment to delivering robust, transparent, and future-proof cryptographic solutions to customers worldwide.

About Xiphera

Founded in 2017 and headquartered in Finland, Xiphera specialises in hardware-based cryptographic solutions for sectors such as automotive, industrial IoT, data centers, communications, and space. With a growing portfolio of 30+ off-the-shelf IP cores and a commitment to advancing post-quantum cryptography, Xiphera delivers state-of-the-art security tailored for mission-critical applications.

To learn more about Xiphera’s solutions, visit www.xiphera.com.

About Austin Electric

South Korea based Austin Electric is a semiconductor and IP business developer and distributor that has been supplying semiconductors, communication modules and IP to major Korean manufacturers and research institutes for various markets and applications. Since its establishment in 2011, Austin Electric has provided customers with stabilized solutions and integrated technical support services based on its experience and know-how accumulated over 20 years of extensive business development and support in IOT, audio video, electric vehicle, FGPA, etc.  In addition, Austin Electric aims to support the development of next-generation communication equipment, smart devices, and AI devices by collecting and optimising expertise in each application area and providing bundled software tools and services, and is playing a leading role in the field of system semiconductor (hardware) based cyber security in Korea.

To learn more about Austin Electric, visit www.austin-electric.co.kr.